Mortgage rates in Manitoba are the national rates the rest of Canada sees. What is specific to Manitoba is the cost of closing: unlike Alberta and Saskatchewan, which charge land titles fees, Manitoba charges a land transfer tax in brackets. This page covers today’s rates, the tax and what it comes to on an average Manitoba home, and Manitoba credit unions. For rates across the country, see the mortgage rates hub.
Rates and the payment on an average Manitoba home
Rates in Manitoba are national rates; the Bank of Canada reports no provincial figures. Its posted 5-year conventional rate was 6.09% on September 30, 2026. What borrowers signed for was lower: fixed-rate mortgages of five years and over that chartered banks funded, including renewals and refinancing, averaged 4.49% uninsured and 4.05% insured in July 2026. The average Manitoba resale price was $399,003 in July 2026 (see the Manitoba housing market report). With 20% down and a 25-year amortization, that price at the uninsured average rate works out to a payment of about $1,765 a month.
See 5-year fixed mortgage rates on posted versus offered rates, variable mortgage rates on rates tied to the prime rate, and getting a lower mortgage rate on comparing lenders. Under the mortgage stress test, you qualify at a higher rate than your contract rate (for an insured mortgage at any lender, and for an uninsured one at a federally regulated lender).
Manitoba land transfer tax
When a transfer of title is registered, the buyer pays Manitoba’s land transfer tax (with some exceptions) on the property’s fair market value on the date of registration, in brackets (Manitoba Finance):
| Part of the value | Rate |
|---|---|
| Up to $30,000 | 0% |
| Over $30,000 up to $90,000 | 0.5% |
| Over $90,000 up to $150,000 | 1% |
| Over $150,000 up to $200,000 | 1.5% |
| Over $200,000 | 2% |
On the average Manitoba price above, the tax works out to $5,630. The Manitoba land transfer tax calculator works it out for any price, and Manitoba closing costs adds the registration fee, legal fees and the other costs of closing.
Unlike Ontario and British Columbia, Manitoba has no first-time buyer rebate on its land transfer tax. The Manitoba first-time buyer guide covers the province’s other buying costs, and the federal programs (the FHSA, the Home Buyers’ Plan and the home buyers’ tax credit) are in first-time home buyer programs.
Credit unions in Manitoba
Besides the national banks, credit unions that serve Manitoba and offer mortgages include:
- Assiniboine Credit Union
- Access Credit Union
- Cambrian Credit Union
These lenders’ rates don’t appear in the Bank of Canada figures above, so the way to see one is to ask for a quote. Getting a lower mortgage rate covers comparing quotes from banks, credit unions and brokers, and rate holds cover how long an offered rate stays available.
Other provinces
Rates are national, so purchase taxes are where provinces differ. Neighbouring Saskatchewan and Alberta charge land titles fees rather than a land transfer tax.
Tools
Sources
The figures and rules on this page come from these sources, last checked against them between September 24, 2026 and October 2, 2026. How we check facts.
- accesscu.ca: Personal
- acu.ca: Personal
- Bank of Canada: Mortgage rates, fixed 5 years and over: uninsured residential mortgages, funds advanced (data series)
- Bank of Canada: Mortgage rates, fixed 5 years and over: insured residential mortgages, funds advanced (data series)
- Bank of Canada: Conventional 5-year mortgage rate (data series)
- cambrian.mb.ca: www.cambrian.mb.ca
- CREA: CREA Stats (local board market statistics)
- Government of Manitoba: Land Transfer Tax
- WOWA.ca: Canadian Housing Market Report Sep. 15th, 2026 | Interactive Map - WOWA.ca